NEW YORK - BlackRock Inc (NYSE:BLK), the world's largest asset manager, reported a robust fourth quarter for the fiscal year 2023, with revenues reaching $4.631 billion. The company also announced a significant acquisition of Global Infrastructure Partners, which is expected to strengthen its infrastructure asset offerings and contribute to its already substantial assets under management (AUM), now surpassing $10 trillion.
In addition to the revenue figures, BlackRock revealed impressive net inflows of $96 billion during the fourth quarter, contributing to a total of $289 billion for the full year. This performance underlines the firm's continued ability to attract investment capital amid a challenging economic landscape.
Shareholders have a reason to celebrate as BlackRock declared an increase in its dividend per share to $5.10, which will be payable in March 2024. This move signals confidence in the company's financial health and its commitment to delivering value to its investors.
On the operational side, BlackRock experienced an uptick in adjusted operating income, reflecting efficient management and a strong business model.
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